Oct. 2 at 7:24 PM
$BORR Mexico is becoming Borr’s key market. The country is boosting Pemex’s liquidity with large debt financings and reaffirming its production goal, which should support drilling activity. Borr is well placed to win incremental work, including private projects that are set to become a bigger part of Mexico’s output. At the same time, rig retirements are picking up, tightening supply and adding support to market fundamentals.
Borr added 14 new contracts in 2025, boosting backlog by
$318 million and extending earnings visibility.